Black & Veatch Report: Corporate Sustainability Goals Are Here to Stay, but Delivering Tangible Results Remains a Challenge
May 11, 2021 at 06:35 AM EDT
Goal Setting and Measurement report finds decarbonization strategies are increasingly complex and current solutions may not be enough to achieve aggressive targets
SOURCE: Black & VeatchDESCRIPTION:
May 11, 2021 /3BL Media/ - Companies of all sizes across business sectors are elevating sustainability as a core tenet of their practices, yet a new Black & Veatch report discovers that many companies continue to establish targets without a clear understanding of how to achieve them.
Black & Veatch’s Corporate Sustainability Goal Setting and Measurement report, developed with GreenBiz Group and released today as a free download, finds that corporate leadership teams across all sectors are working to accelerate the shift from discussing and establishing sustainability goals to actively delivering tangible results. How to achieve the most aggressive goals remains an area of uncertainty across business types and scale.
“This report confirms that sustainability strategies increasingly are becoming complex and require companies to consider operational planning views that can extend for decades,” said Rob Wilhite, leader of Black & Veatch’s distributed generation services team. “With decarbonization a critical element, roadmaps will help companies set realistic targets in the short and medium terms, while offering the flexibility and agility required to comply with complex regulatory changes and rapidly evolving technology.”
Key findings include:
Greenhouse gas reductions through the combination of energy efficiency and renewable energy sourcing is viewed as essential for many large companies. Given that enterprise-level power assets can have operational horizons that span decades, companies setting or adjusting targets must understand all options available to them to avoid getting locked into one technology path. By having a clear understanding of technology maturity and cost, as well as the changing regulatory environment, companies can avoid these pitfalls.
The transition will take time, but many innovative solutions already are here: Low- and zero-emissions power generation, advanced renewable energy projects, alternative-fueled vehicles and advancing energy storage are creating an entire ecosystem of carbon-reduction technologies. Now companies must identify their impact on the global carbon cycle, comprehend the associated climate risks and identify opportunities to conceive, update or alter their decarbonization roadmap.
GreenBiz Group, in collaboration with Black & Veatch, conducted extensive research into corporate sustainability goals and the strategies being developed and deployed to achieve them. The report is based on an online survey that polled nearly 500 respondents across 14 industry sectors, with additional insight from interviews conducted with sustainability leadership at several Fortune 500 companies.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
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